Search

Page 1 of 2

Helping Employees with Cheap Loans

Helping Employees with Cheap Loans In the current difficult economic climate, employees may need to approach their employer for financial assistance in the form of a loan. Strictly, under the l...
/news/helping-employees-with-cheap-loans.htm

Student Loans

Additional Type of Student loans for 2021-22 From 6 April 2021, there is a new type of undergraduate student loan that employers need to be aware of when operating payroll - the Plan 4 loan (SL...
/news/student-loans.htm

Directors' loans – a reminder of the tax charge

Directors' loans – a reminder of the tax charge Cash transactions between a director and a personal or family company are recorded through the director's account. At the end of an...
/news/directors-loans--a-reminder-of-the-tax-charge.htm

Loans to Participators Trap - (Overdrawn Directors' Loan Accounts)

Loans to Participators Trap - (Overdrawn Directors' Loan Accounts) The 2013 Budget announcements included a brief outline of how the law will be changed to tax loans taken out of owner-mana...
/news/loans-to-participators-trap---overdrawn-directors-loan-accounts.htm

Rate of tax on overdrawn director’s loan accounts (loans to participators charge)

Rate of tax on overdrawn director’s loan accounts (loans to participators charge)   With effect from 6 April 2016, if your director’s loan account is overdrawn, the rate of...
/news/rate-of-tax-on-overdrawn-directors-loan-accounts-loans-to-participators-charge.htm

Spring Budget 2021 - Recovery Loan Scheme

Recovery Loan Scheme  The Recovery Loan Scheme ensures businesses of any size can continue to access loans and other kinds of finance up to £10 million per business once the existing...
/news/spring-budget-2021---recovery-loan-scheme.htm

Corporation tax - Autumn Statement

Corporation Tax Loans to participators, trustees of charitable trusts Legislation will be introduced in Finance Bill 2016 to provide for an exemption from the tax charge on loans or advance...
/news/corporation-tax---autumn-statement.htm

Interest-free loan for rail fare ticket

Q. My employer has offered to give me an interest-free loan to purchase an annual rail fare ticket costing £3,500. Will I have to pay tax on the loan?  A. Strictly, the taxable benef...
/news/interest-free-loan-for-rail-fare-ticket.htm

Covid-19: Government unveils winter economy plan

Covid-19: Government unveils winter economy plan Chancellor Rishi Sunak has unveiled the Government's winter economy plan, providing an update on current coronavirus support measures for in...
/news/covid-19-government-unveils-winter-economy-plan.htm

The Recovery Loan Scheme (RLS)

The Recovery Loan Scheme (RLS) What is the aim of the RLS? To enable UK businesses who have been affected by the Covid-19 pandemic to access Government backed loans from accredited lenders....
/news/the-recovery-loan-scheme-rls.htm

Unincorporated businesses

Unincorporated businesses The affected rules are those in ITA 2007, s.64, i.e. "sideways" loss relief. This permits a trader to set off losses suffered in a tax year against general i...
/news/unincorporated-businesses.htm

Restricted Losses Ahead

Restricted Losses Ahead   A lot of businesses have made significant losses in the current recession and will continue to make losses for a while yet. Where those losses are made outsid...
/news/restricted-losses-ahead.htm

Property Letting-interest restriction-Property Impact Review

Property letting – restricted – Find out the impact  this will have on you in real numbers From 6th April 2017 tax relief on loan interest for landlords of residential property...
/news/property-letting-interest-restriction-property-impact-review.htm

PGLs for employers

The Department for Education has launched a new Student Loan product known as Postgraduate Loans (PGLs). From April 2019, individuals will be able to start loan repayments of this type through PAYE...
/news/pgls-for-employers.htm

Student Loan Notices

Student Loan Notices As an employer you are required to collect repayments of student loans your employees took out through the Student Loan Company (SLC) while they were studying, during years...
/news/student-loan-notices.htm
FREE Newsletter

Keep in touch with changes that could affect you.

Sign up here